Disclosure under Regulation 30 - Bagging of Contract
ORDERS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 18 Jul 2026, 05:20 PM IST · BSE ID: 9984df71-0506-4501-a126-746d2cc9ee3c
View Original BSE Filing (PDF)
💡
In Simple Terms
Tata Power won a major 40-year deal to provide energy storage from a large pumped power plant to the government's solar corporation.
🤖 AI Summary
- Tata Power received a 40-year contract from SECI for 324 MW / 2,592 MWh Pumped Storage Plant services.
- The Letter of Award (LOA) specifies energy storage services at a fixed annual charge.
- Supply commencement is required within 36 months of the Pumped Storage Purchase Agreement (PPA) effective date.
- SECI will finalize the PPA after securing a Pumped Storage Sale Agreement with buying entities.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Pumped Storage Plant Capacity
324 MW / 2,592 MWH
Contract Duration
40 Years
Supply Commencement Timeline
within 36 months of effective date of PPA
🏢 How This Affects the Company
This contract significantly expands Tata Power's renewable energy services portfolio and provides long-term revenue visibility from energy storage solutions.
The 40-year duration suggests a stable and predictable revenue stream, positively impacting future financial planning and potentially improving the company's project pipeline valuation.
The company will need to ensure the operational readiness of the 324 MW / 2,592 MWh Pumped Storage Plant within the stipulated 36 months.
The reliance on SECI finalizing a Sale Agreement with buying entities before the PPA is a dependency factor.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's strategic expansion into long-term energy storage infrastructure.
🔍
Management Signal
This award signals management's commitment to diversifying and securing long-term revenue streams in the renewable energy sector.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
SECI signing Pumped Storage Purchase Agreement (PPA).
Company's progress on construction for the PSP.
Details of the Pumped Storage Sale Agreement with buying entities.
LOW RISK
Contract awarded by a government enterprise, with clear terms on duration and capacity.
💡 Investor Takeaway
Tata Power secured a 40-year contract from SECI for 324 MW / 2,592 MWh pumped storage services, with supply commencing within 36 months of the PPA effective date.
⚖️ Strengths & Concerns
✅ Positives
- Secures long-term revenue for 40 years from a government enterprise for energy storage services.
- Awarded contract for a significant 324 MW / 2,592 MWh Pumped Storage Plant capacity.
📅 Company Track Record
Tata Power recently announced an intent to acquire a transmission project SPV for a 35-year contract, indicating strategic focus on long-term infrastructure projects.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the capacity of the Pumped Storage Plant for the SECI contract?
The contract is for a Pumped Storage Plant (PSP) with a capacity of 324 MW / 2,592 MWH.
How long is the contract duration awarded by SECI to Tata Power?
The contract for providing energy storage services is for 40 years from the Scheduled Commencement of Supply Date.
When must Tata Power commence supply for the SECI contract?
Tata Power shall commence supply of storage capacity within 36 months of the effective date of the Pumped Storage Purchase Agreement (PPA).
Which entity awarded the contract to Tata Power?
The Letter of Award (LOA) was issued by Solar Energy Corporation of India (SECI) Limited, a Government of India Enterprise.
Questions based on this BSE filing only. For information purposes.